IRS Will Not Impose Penalties Based on Reporting of “No Tax on Tips” and “No Tax on Overtime” for 2025
Nov 07, 2025
In a welcome development for employers that were struggling to determine how to comply with the reporting requirements of the “One Big Beautiful Bill Act” relating to “no tax on tips” and “no tax on overtime,” the IRS announced this week that employers will not face penalties for failing to comply with the Act’s reporting requirements for tax year 2025. (Read More)
Article By: Rob Pritchard and William Weissman Littler
